Allianz maintains planned dividend

alliance The buyback program in the amount of 1.5 billion euros is to be stopped once half of the amount. (Photo: dpa) Munich Europe’s largest insurer alliance wants to pay its shareholders a dividend for 2019 despite the corona crisis and against the advice of European supervisors. “Although the current environment is expected to be […]

Regulators argue about dividend payments

Frankfurt The normal case goes like this: At the Annual General Meeting, shareholders criticize the distribution policy of a stock corporation. The dividend is too low, in view of the high profits, more must be paid out urgently. At the two Munich insurers alliance and Munich Re such discussions are rare. Both have been dividend […]

Insurers are now paying for restaurant closures

insurer Allianz also intends to pay for the hotels and restaurants affected by closings through the corona pandemic in the case of existing business closure insurance. (Photo: dpa) Munich Hotels and restaurants closed due to the corona pandemic are now getting money from the insurance, at least in Bavaria. The Association of Bavarian Business (vbw) […]

BaFin against ban on dividends for insurers

Federal Financial Supervisory Authority BaFin opposes the assessment of the EU authority EIOPA. (Photo: Reuters) Frankfurt The Bafin rejects a blanket ban on dividends for insurers. The German financial regulator is thus opposed to a different recommendation by the European supervisory authority EIOPA. A blanket ban on distributions for insurers and pension funds is currently […]

Germany proposes the creation of a “new global alliance” against the coronavirus

The President of Germany, Frank Walter Steinmeier, has proposed together with other world heads of state the creation of a «New global alliance» to fight the coronavirus. “In the face of this virus, we are all equal and we must all collaborate to combat it,” Steinmeier writes with the top leaders of Jordan, Ethiopia, Singapore […]

Germany proposes the creation of a “new global alliance” against the coronavirus

The President of Germany, Frank Walter Steinmeier, has proposed together with other world heads of state the creation of a «New global alliance» to fight the coronavirus. “In the face of this virus, we are all equal and we must all collaborate to combat it,” Steinmeier writes with the top leaders of Jordan, Ethiopia, Singapore […]

Five presidents call for global alliance

Dhe presidents of Germany, Jordan, Singapore, Ecuador and Ethiopia are warning against national solo efforts in the fight against the corona virus and call for a global alliance. “This pandemic will not spare a country, no matter how advanced its economy, capabilities or technology is,” the five presidents, including Frank-Walter Steinmeier, wrote in a guest […]

“I have never experienced anything comparable”

Frankfurt Larry Fink began writing his letter to Blackrock shareholders in his New York office. The boss of the world’s largest asset manager ended him in his home office. Since January, the corona virus has also directed Blackrock. It represents an “unprecedented medical, economic and human challenge”, which will continue to shape the future, as […]

The motor insurance sales driver is facing a change

Allianz board member Axel Theis Despite huge challenges, car insurance is likely to remain extremely important for insurers for quite some time. (Photo: Allianz SE) Munich in the alliance Center for Technology (AZT), the insurance experts want to know exactly what happens to the driver and vehicle in the event of an accident. That is […]